Who will be the next crypto exchange after Coinbase to receive a notice from the SEC? | BitChain – BitChain

CryptoLaw founder John E. Deaton has claimed that crypto trading platform Coinbase is likely not the only exchange that has received Wells’ notice from the US Securities and Exchange Commission (SEC).
Is Crypto.com In Danger Of Collapse In The US?

Deaton shared this insight after quoting a tweet that the Crypto.com exchange may be in danger of crashing in the US, following investigation by US government agencies.

Netizens from the cryptocurrency community responded to Deaton’s tweet with their own theories. One such theory was that the idea that the US Securities and Exchange Commission (SEC) was getting rid of cryptocurrency exchanges was just a ploy by the US government to push the next Nasdaq into the cryptocurrency industry.
Nasdaq and getting into cryptocurrency

In particular, Nasdaq stated that it intends to launch custody services for cryptocurrencies, by the end of the second quarter of 2023. Nasdaq announced its intentions as early as September 2022, in response to demand from institutional investors in the crypto space.

Meanwhile, others believe that Coinbase has simply been inconsistent with the SEC, all along, hence Wells’ notice. Yesterday, Deaton shared this insight as he quoted a tweet stating that crypto trading platform Crypto.com is under investigation by US government agencies.
Is Crypto Trading Platform Crypto.com Under US Investigation?

Notably, Crypto.com CEO Chris Marsalek declared the news untrue. Marsalek even urged people to report the account for spreading misinformation. As a result, more than 300 users interacted with his tweet and stated their compliance with it.

On March 23, 2023, cryptocurrency trading platform Coinbase revealed that it had received a Wells notice by the US Securities and Exchange Commission (SEC), despite having complied with it for years. In detail, Wells’ notice is the last communication from the US Securities and Exchange Commission (SEC) to a company or individual before an enforcement action is taken against it.

Disclaimer: The opinions, analysis and news contained do not reflect the opinion of Bit Chain. None of the information you read on the Bit Chain website should be considered investment advice, and Bit Chain does not endorse any project that may be mentioned or linked in this article. Buying and trading cryptocurrencies should be considered a high risk activity. Please do your due diligence before taking any action regarding the content mentioned in this report. Bit Chain assumes no responsibility in the event of losing money in cryptocurrency trading.

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